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  • Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W)

Formerly Mirae Asset Savings - Reg Savings Wk DR

Mirae Asset Mutual Fund

Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W)

DebtLow Duration

Top Ranked

1106.7948

NAV (Oct 25)

4.6%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within low duration mutual funds.However, Scripbox does not recommend investing in low duration mutual funds.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

13 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

1,062 Cr. Medium within the category

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

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Short Term Money

Short Term Money

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  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Historical NAV

1106.7948

NAV (Oct 25)

Fund Returns

Last 1Y
3.3%
Last 3Y
4.6%
Last 5Y
4.5%
Last 10Y
NA
Since Inception
3.6%
6 Month CAGR
1.7%
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Scheme Information

Investment Objective

The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments,such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low to Moderate Risk

Expense Ratio
0.93
Launched (13y ago)
Mar 05, 2008
AUM in Crores
1061.994
ISIN
INF769K01994
Lock-in
No Lock-in
Benchmark
Crisil Low Duration Debt Index TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Fund Managers
user-avatar

Mahendra Jajoo

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
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comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record

Kotak Savings Fund (G)

recommended-badge

₹ 13,509 cr

5

recommended-badge

₹ 33,192 cr

5

recommended-badge

₹ 11,590 cr

5

recommended-badge

₹ 22,849 cr

5

recommended-badge

₹ 33,722 cr

5

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 95,366 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

amc-img

  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    27.4%

    22%

    recommended-badge

    22%

    16.7%

    top-ranked-badge

    26.6%

    21.6%

    top-ranked-badge

    20.5%

    16.4%

    top-ranked-badge

    20.5%

    16.4%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers
    We manage to deliver better strategies to people who trust us.

    We thrive on trust. You don’t need to just take our word for it! Get started with your wealth creation without worry.

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    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

    About Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W)

    About Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W)

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) is a Low Duration Debt fund and has delivered an annualised return of 3.6% over a period of 13 years. The fund was previously known as Mirae Asset Savings - Reg Savings Wk DR . The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Mahendra Jajoo

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) Investment Objective

    The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments,such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns. . However, there is no assurance that the objective of the scheme will be realized.

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) NAV,AUM,Risk

    The Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) fund was launched on Mar 05, 2008. The NAV (Net Asset Value) of this Low Duration Debt fund as of 2021-10-25 is ₹1106.79. The total AUM (Asset Under Management) of the fund as of 26/10/2021 is ₹1061.994. The category risk of the Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) fund is Low to Moderate Risk. The fund charges 0.93 % as expense ratio.

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) Holdings

    The fund’s highest allocation is towards Others and has invested 56.1% in this asset class. The top three holdings of the fund are , triparty repo , manappuram finance limited , icici securities limited , hindustan petroleum corporation limited , 8.60% tamil nadu sdl 2023 , rural electrification corporation limited , housing development finance corporation limited , 8.15% govt stock 2022 , housing development finance corporation limited , national highways authority of india , ntpc limited , power finance corporation limited , rbl bank limited , small industries development bank of india , reliance industries limited , power grid corporation of india limited , network18 media & investments limited , ultratech cement limited , vedanta limited , export import bank of india , idfc first bank limited , network18 media & investments limited , national housing bank , l&t finance limited , l & t infrastructure finance company limited , reliance industries limited , net receivables / (payables) , rural electrification corporation limited , 6.84% govt stock 2022 , l&t finance limited , 6.18% govt stock 2024 , housing and urban development corporation limited (hudco) , housing and urban development corporation limited (hudco) , national bank for agriculture and rural development , oil & natural gas corporation limited , indian oil corporation limited , export-import bank of india , axis finance limited , housing development finance corporation limited , power finance corporation limited , larsen and toubro limited , tata capital housing finance limited , lic housing finance limited , reliance industries limited , lic housing finance limited , rec limited , bajaj housing finance limited , national bank for agriculture and rural development , 182 dtb 18112021 , rec limited , bajaj finance limited , national bank for agriculture and rural development , housing development finance corporation limited , housing and urban development corporation limited (hudco) , larsen and toubro limited , bharat petroleum corporation limited

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) Sip

    The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Crisil Low Duration Debt Index TR INR.

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) Review

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) has a score of 4 on a scale of 5. The fund has a score of 4 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-W) has a score of 3out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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